Apple (AAPL) reported decent September quarter results with revenues and EPS slightly ahead of estimates. iPhone shipments came in about 1% under street estimates but were offset by better than expected average selling prices. Services, which had been surprising to the upside and driving an improved growth narrative for AAPL, saw revenue come in about […]
Comcast (CMCSA) still has to convince us and a lot of investors of the wisdom of its acquisition of Sky Plc, Europe’s largest satellite TV provider. Fortunately, the company’s domestic cable business and NBC Universal content operations are performing well giving the company some breathing room. Management can point to a strong record on acquisitions […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2018-11-12 20:55:492018-11-12 20:55:49Comcast in Strong Position As It Looks for Blue Sky in Europe
Disney (DIS) reported a strong 4Q18 as it wrapped a good fiscal year financially and an eventful one strategically. For the year, revenue grew 8%, the best rate of growth since 2015.Opeting income grew 6% but adjusting for losses at recently acquired BAM TECH and ongoing losses at Hulu, growth would have been several percentage […]
For the third month in a row, there were no changes to the signals provided by Northlake’s thematic models. Northlake’s Market Cap model remained on a large cap signal for November, and the Style model remained neutral between growth and value. Current client positions in the S&P 500 (SPY) will continue to be held for […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2018-11-01 14:15:292018-11-01 14:15:29Large Cap and Neutral Signals Remain Intact for November
There was very little moved in the indicators underlying Northlake’s Market Cap and Style models for October. As a result, neither model triggered a new signal. The Market Cap model still favors large caps and the Style model is neutral on growth vs. value. Current client positions in the S&P 500 (SPY) will be held […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2018-10-01 18:44:392018-10-01 18:44:39Stabilizing at Large Cap with No Style Preference
Each of Northlake’s models shifted for September. The Market Cap model is now recommending large cap and the Style model is at neutral. Each of these signals moved after just one month and went back to the prevailing themes that began in June. Given the new signals, client positions in the S&P 400 Mid Cap […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2018-09-04 15:30:582018-09-04 15:30:58Models Revert to Large Caps and Neutral on Growth vs. Value
Liberty Global (LBTYK) reported another quarter of mixed results. Headline numbers continue to track to guidance that assumes acceleration in growth in the second half of 2018. There is evidence in the first half results that the acceleration will occur. However, there is still quality of earnings issues and the company’s overall growth profile beyond […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2018-08-10 19:59:462018-08-10 19:59:46Growth Challenges Remain for Liberty Global
Nexstar Media Group (NXST) reported another solid quarter, further cementing the company as the most consistent, highest quality local TV broadcaster. A boom in political TV advertising and excellent expense control led to the company beating expectations for EBITDA, the key valuation metric for the industry. Critical to NXST and the industry is converting EBITDA […]
Disney reported mixed 3Q18 results with theme parks and broadcast TV excelling and cable networks, the film studio, and consumer products lagging. Revenue and EPS were a little under consensus estimates leading the stock to decline 1-2%. The shares have been quite strong since March, reaching their highest level since May 2017. This may have […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2018-08-08 19:30:212018-08-08 19:30:21Disney: Shift Towards DTC/OTT Comes Into Focus
MGM Resorts (MGM) reported decent results for 2Q18 albeit against expectations that were lowered just 90 days ago. When management lowered guidance dramatically for the rest of 2018, investors were very disappointed, sending the shares down 10% over a two day period. The only real good news here is that by almost any measure the […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2018-08-07 15:46:372018-08-07 15:46:37MGM Reduces Outlook for 2018
Apple Hits a Sour Spot, Long-Term Intact
Apple (AAPL) reported decent September quarter results with revenues and EPS slightly ahead of estimates. iPhone shipments came in about 1% under street estimates but were offset by better than expected average selling prices. Services, which had been surprising to the upside and driving an improved growth narrative for AAPL, saw revenue come in about […]
Comcast in Strong Position As It Looks for Blue Sky in Europe
Comcast (CMCSA) still has to convince us and a lot of investors of the wisdom of its acquisition of Sky Plc, Europe’s largest satellite TV provider. Fortunately, the company’s domestic cable business and NBC Universal content operations are performing well giving the company some breathing room. Management can point to a strong record on acquisitions […]
Disney Steady Ahead of Major 2019/20 Transition
Disney (DIS) reported a strong 4Q18 as it wrapped a good fiscal year financially and an eventful one strategically. For the year, revenue grew 8%, the best rate of growth since 2015.Opeting income grew 6% but adjusting for losses at recently acquired BAM TECH and ongoing losses at Hulu, growth would have been several percentage […]
Large Cap and Neutral Signals Remain Intact for November
For the third month in a row, there were no changes to the signals provided by Northlake’s thematic models. Northlake’s Market Cap model remained on a large cap signal for November, and the Style model remained neutral between growth and value. Current client positions in the S&P 500 (SPY) will continue to be held for […]
Stabilizing at Large Cap with No Style Preference
There was very little moved in the indicators underlying Northlake’s Market Cap and Style models for October. As a result, neither model triggered a new signal. The Market Cap model still favors large caps and the Style model is neutral on growth vs. value. Current client positions in the S&P 500 (SPY) will be held […]
Models Revert to Large Caps and Neutral on Growth vs. Value
Each of Northlake’s models shifted for September. The Market Cap model is now recommending large cap and the Style model is at neutral. Each of these signals moved after just one month and went back to the prevailing themes that began in June. Given the new signals, client positions in the S&P 400 Mid Cap […]
Growth Challenges Remain for Liberty Global
Liberty Global (LBTYK) reported another quarter of mixed results. Headline numbers continue to track to guidance that assumes acceleration in growth in the second half of 2018. There is evidence in the first half results that the acceleration will occur. However, there is still quality of earnings issues and the company’s overall growth profile beyond […]
Nexstar Reaffirms Industry Leadership
Nexstar Media Group (NXST) reported another solid quarter, further cementing the company as the most consistent, highest quality local TV broadcaster. A boom in political TV advertising and excellent expense control led to the company beating expectations for EBITDA, the key valuation metric for the industry. Critical to NXST and the industry is converting EBITDA […]
Disney: Shift Towards DTC/OTT Comes Into Focus
Disney reported mixed 3Q18 results with theme parks and broadcast TV excelling and cable networks, the film studio, and consumer products lagging. Revenue and EPS were a little under consensus estimates leading the stock to decline 1-2%. The shares have been quite strong since March, reaching their highest level since May 2017. This may have […]
MGM Reduces Outlook for 2018
MGM Resorts (MGM) reported decent results for 2Q18 albeit against expectations that were lowered just 90 days ago. When management lowered guidance dramatically for the rest of 2018, investors were very disappointed, sending the shares down 10% over a two day period. The only real good news here is that by almost any measure the […]